| | | Each week we search for and select the most relevant news to share with you in this newsletter.
We hope you find it practical and useful. |
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| | | | | Colombia’s Finance Minister resigns over controversial tax reform | | Amidst the social unrest and delicate economic situation, the tax reform proposed by former Finance Minister Alberto Carrasquilla, has been withdrawn from Congress and he and his team have formally resigned. The new appointed Minister is José Manuel Restrepo, who was acting as Minister of Commerce. | | View more |
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| | | New transitory opportunity to register the control situation or business group. | | The Superintendence of Companies issued Circular No. 100-000003 of March 26, 2021 through which the Standardization Plan for the Registration of Control Situations and Business Groups (the "Circular" and the "Standardization Plan") is structured. This transitory regime provides an opportunity for controlling entities to register the control or business group with reduced fines. | | View more |
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| | | The critical situation in Cali, forces the local government to declare the “manifest urgency” for three months. | | The Mayor of Cali declared a manifest emergency in the city for a period of three months, which may be extended according to security and public order conditions. Among others, this situation allows public entities to directly acquire the supply of goods, the provision of services or the execution of works in the immediate future, necessary to address the public order situation. | | View more |
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